a. Young Company budgets sales of $710,000, fixed costs of $54,300, and variable costs of $241,400. What is the contribution margin ratio for Young Company? fill in the blank % b. If the contribution margin ratio for Martinez Company is 67%, sales were $875,000, and fixed costs were $433,830, what was the operating income?

a. Young Company budgets sales of $710,000, fixed costs of $54,300, and variable costs of $241,400. What is the contribution margin ratio for Young Company? fill in the blank % b. If the contribution margin ratio for Martinez Company is 67%, sales were $875,000, and fixed costs were $433,830, what was the operating income?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 9E: Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and...

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